Just In Time to Be Commoditized, Automated Scheduling Solution GoodTime Raises $5 Million

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Oct 3, 2018
This article is part of a series called Opinion.

Automated scheduling is hot. Google is in. Lever is in. TextRecruit is in. And San Francisco-based GoodTime, launched in 2016 and raising $2 million last year and $5 million more this year, is really, really in. The new round of funding was led by Bullpen Capital. Since 2010, Bullpen has invested in over 70 companies, but GoodTime looks like its only workforce-related investment.

“The first interaction a candidate has with your company is finding a time for their interview. Quickly growing companies need a streamlined interview scheduling process,” said GoodTime CEO Ahryun Moon back in 2017. “GoodTime provides the best candidate experience from the very first communication and gets top talent in the door before competitors can.”

GoodTime takes manual scheduling and automates it, saying recruiters run a risk of contacting candidates only in time to discover they have already accepted an offer with a competitor. GoodTime says slippage like this happens 47 percent of the time when employers try to schedule an interview with an applicant instead of using an automated system.

GoodTime allows desirable job applicants to select a date based on an employer’s availability. The recruiter can then customize the process by matching interviewers with potential employees. GoodTime’s tech automatically sends reminders to both the recruitment team and the interviewee.

The product integrates with a number of applicant tacking systems, including Greenhouse and Lever. Also, recruiters have the option to view or export data on the performance of their recruitment team, information that can then be used to modify existing scheduling tactics.

If GoodTime’s goal is a quick flip to a bigger fish, I think it’s on the right track. Automated scheduling is ultimately a commodity that every talent management solution will need to offer, and many do not. Customer demand will motivate someone to write a check and have the technology in house, similarly to how iCIMS gobbled up TextRecruit. Chatbots will see a similar fate, methinks.

If, however, GoodTime wants to remain an independent company and take on the likes of Google, then it’d better start adding automated sourcing, pre-screening, onboarding, and the kitchen sink in order to keep their head above water. Staying a scheduling tool means we just start writing its eulogy now.

GoodTime currently has 18 employees. TechCrunch reported the company has reached profitability on the strength of its existing customers.

This article is part of a series called Opinion.
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